Fifth graders learn two big economics ideas that shape every price — supply (how much of something is available) and demand (how much people want it). When demand is high and supply is low, prices go up.
Students will be able to…
Why do prices go up and down? It comes down to two words: supply and demand. What do they mean?
Project each item and have students answer about supply and demand.
Tap any phase to open the teacher moves and student actions.
Why do prices go up and down? It comes down to supply and demand — what are they?
Students explore.
Students practice.
Students apply.
Students close.
Aligned to the C3 Framework (Economics) & the National Standards for Personal Financial Education.
Explain markets & prices.
Explain supply & demand.
Understand price factors.
Draw conclusions about markets.
Preview the three formative checks. Tap “Sample answer” to see what mastery looks like — hide them before you print for students.
Have students explain why a popular, hard-to-find item often costs more. A printable supply-and-demand sheet is in the Social Studies library.
Tap a card to flip it, then rate whether you knew it. Built from this lesson’s vocabulary.
A quick self-check with instant feedback, drawn from this lesson’s key terms.
A print-and-go review sheet with a built-in answer key. Tap “Show answer key” to reveal answers, or print the clean version for students.